Legal Agreement

Rent Agreement in India A rental agreement is an official contract signed between the owner of a property and the tenant who wishes to take temporary possession of the property for a said period of time. Also called a rent deed and lease deed, a rental agreement contains basic details of the residential property, the owner of the property, the renter (or tenant, as he is also called), the term of the rental, and the amount of the rent for the said term. Why should you register a rent agreement? A registered rental agreement is one of the most important parts of a landlord-tenant relationship. Not only does it foster the relationship between the two parties but it also protects their rights. Further, it informs others about the ownership of the property. The landlord/tenant should never settle for an oral agreement since it is not bound by law and therefore, should always insist on executing a written agreement. Another key benefit of registering a rental agreement is that i

Gift Deed WHAT IS GIFT DEED A Gift Deed is a legally binding document that is used when one person wants to transfer a gift to another person without the exchange of money. The person who is giving the gift(owner) is called a donor and the person who is receiving the gift(receiver) is called as donee. What are the benefits of a Gift Deed?  A Gift Deed records the transfer of property to the donee.  The complete details of the property and the details of the parties to the transaction make this document a legal proof to the title of the property.    A Gift Deed is of evidentiary value before the Courts in event of any future disputes that may arise.  A Gift Deed serves as legal protection to the parties in event of any disputes that may arise in the future.  The written agreement makes the entire transaction smoother for the parties and without a glitch. What are the essential elements of a Gift?  A transfer which is defined as conveying of property;  Voluntary

Will Agreement A will agreement is a legal document that sets forth your wishes regarding the distribution of your property and the care of any minor children. If you die without a will, those wishes may not be followed. Further, your heirs may be forced to spend additional time, money, and emotional energy to settle your affairs after you're gone. Will document vary in their effectiveness, and none is likely to resolve every issue that arises from your death. Here's what you need to know about these vital documents. A Written, Witnessed Will Is Best To maximize the likelihood that your wishes will be carried out, create what's known as a testamentary will. The most familiar type of will, this document is prepared by the person whose assets are being dispersed and is signed by them in the presence of witnesses. It's arguably the best insurance against successful challenges to your wishes by family or business associates after you die. Importance of Will pl